Paul Krugman, in a post earlier today, Cyprus: The Sum of All FUBAR, acts as if he has figured out what is the real problem with Cyprus. The only problem is his math is all wrong, and a better analysis undermines his major assertions.
Read more...By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Jointly posted with New Economic Perspectives
MSNBC persists in running a pro-austerity line by falsely presenting Paul Krugman as a isolated opponent of economic malpractice.
Read more...By David Dayen, a lapsed blogger, now a freelance writer based in Los Angeles, CA. Follow him on Twitter @ddayen
Greetings, NC readers! Yves has been nice enough to open up her Internet home to me, and I intend to grab the opportunity from time to time. This offer turned fortuitous after I wrote a little piece from Salon on the “anniversary” of the securitization fraud task force, announced at last year’s State of the Union address. Well, Katrina vanden Heuvel, editor and publisher of The Nation, got very upset at my characterization of the task force
Read more...There are times I feel sorry for the business reporters at the New York Times.
Read more...I’ve oft cited Barry Ritholtz’s comments policy as web standard, and sometimes have to remind readers that I’m more lenient in my comments policy than a lot of other blogs. Barry’s post, Why I Am Considering Getting Rid of Comments . . , might give you some insight into what Lambert and I are up against. Key extracts:
Read more...By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City.
It’s early, but Salon has published on January 30, 2013 either the funniest or saddest column of the year to date: “Are Banks Too Big To Prosecute?”
Read more...A pair of idiots testing the patience of the Parliamentary Commission on Banking Standards
Read more...I know Lance Armstrong may seem a bit off topic, but bear with me, this is actually a post about propaganda.
Read more...As much as I thoroughly enjoy shredding Adam Davidson’s Sunday columns in the New York Times, why should I have all the fun?
Read more...By Bill Black, the author of The Best Way to Rob a Bank is to Own One and an associate professor of economics and law at the University of Missouri-Kansas City. Cross posted from New Economic Perspectives
It is good to be Angela Merkel.
Read more...Reviewing the press coverage of the HBOS fraud charges, and asking some questions.
Read more...We are glad to be rank well in a new finance blog tally (thanks to loyal NC readers!), even though this survey is tongue in cheek (it has a methodology which has some logic to it but simultaneously pokes fun at methodologies).
Read more...We are delighted to post the latest offering of Project S.H.A.M.E., a media transparency initiative led by Yasha Levine and Mark Ames, and now in partnership with NSFWCORP.
Read more...If the media was licensed, the New York Times story, “After Fiscal Cliff Deal, Tax Code May Be the Most Progressive Since 1979,” would be grounds for disbarment. I flagged the piece as a Big Lie in comments yesterday, and figured that since anyone who was either old enough to have been paying taxes in the 1980s or had minimal Google skills could ascertain its claims were nonsense, that it would be debunked elsewhere. Instead, it was apparently tweeted actively by soi-disant liberals on Saturday.
Read more...My, my, SEC head of enforcement Robert Khuzami has revealed himself to be both remarkably thin skinned and not very good at making a case for himself.
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